1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
snow_tiger [21]
3 years ago
7

Diego's company was bidding on the construction of a new penguin display at a zoo. When putting together his bid, Diego began by

determining what the zoo would be willing to pay for the structure, and then subtracting a reasonable profit for the company. The result would be the cost of production. For example: If price to zoo = $8 million, and company profit margin = $3 million, the cost to produce cannot exceed $5 million. [$8 million – $3 million = $5 million.] The demand-based pricing strategy in this example is called:
Business
1 answer:
lisov135 [29]3 years ago
6 0

Answer:

Target costing

Explanation:

Target costing is a demand-based pricing strategy in which the budget is determined based on a target cost that is stablished according to the customer's willingness to pay. The cost of production added to the desired profit margin should not surpass the customer's willingness to pay in order for this method to be applied.

You might be interested in
Select all the items that describe a free market economy.
Feliz [49]
The items that describe a free market economy are  :
- Freedom for consumers and producers
- Distribution by price
- Motivated by self-interest

Hope this helps
4 0
3 years ago
Read 2 more answers
Lois wants to start an art gallery. However, because of lack of adequate funds, she decides to borrow money from a bank. The ban
IRINA_888 [86]

Answer: Loan

Explanation: In simple words, loan refers to lending of money by one entity or a group of entities to some other party. The individual or organisation taking the loan have to repay it in installments in a specified period. The installment repaid is a sum of principal and the interest charged.

In the given case, Lois borrowed money from a bank and is liable to repay that loan within a specified time period.

Hence from the above we can conclude that the correct option is B.

8 0
3 years ago
What is the name of the economic system where the government, or another central administration, regulates supply and prices?
MrMuchimi
It is called centrally-planned economy or command economy 
5 0
3 years ago
Investigating careers
goldfiish [28.3K]

B. It is a state of actual emergeny.

5 0
2 years ago
On January 1, 2019, Cullumber Corporation acquired machinery at a cost of $1650000. Cullumber adopted the straight-line method o
Tatiana [17]

Answer:

$0

Explanation:

Since in the given situation there is a depreciation method change i.e. from the straight-line method to double-declining method so there would be no impact restrospectively.

Hence, there would be no cumulative impact as it creates the impact prospectively

So the impact would be zero

7 0
2 years ago
Other questions:
  • As an MNC (multinational corporation) seeks to balance and honor the ethical standards of both the home and host countries, conf
    13·1 answer
  • In order for "limit pricing" to be effective, the firm practicing such a strategy must be able to charge a price that is:_______
    8·1 answer
  • Question 4 of 10
    9·1 answer
  • Strack Houseware Supplies, Inc. has $531 million in total assets. The other side of its balance sheet consists of $74.34 million
    10·1 answer
  • The money multiplier declined significantly during the period​ 1930-1933 and also during the recent financial crisis of​ 2008-20
    13·1 answer
  • Creative Networks is a major participant in the advertising and promotion process. It attracts various companies to buy space an
    8·1 answer
  • The Heckscher-Ohlin model assumes that there are two countries, each of which produces two goods (say manufactures and agricultu
    9·1 answer
  • Which of the following is an econmic need
    12·1 answer
  • Which of the following is NOT a career within the Food and Beverage Services Pathway? Maître d’ Baker Brewer Event planner
    10·1 answer
  • 2 Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; no
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!